Examlex
Total Quality Management (TQM) emphasized that the final product is more important than the process of creating that product.
Effective Interest Method
The effective interest method is an accounting practice used to amortize bond premiums or discounts over the life of the bond, producing a constant rate of interest over the period.
Semiannual Interest Date
The twice-yearly date on which interest payments are made to bondholders or lenders.
Discount
A reduction from the usual cost of something, often used as a sales strategy to encourage purchases.
Amortize
The process of spreading out a loan or intangible asset cost over a specific period of time for accounting and tax purposes.
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